Fomo Worldwide Inc 's ability to collect its outstanding accounts receivable from its corporate clients, has improved in the third quarter 2023 to a ratio of 5.24, this is below the company average, and notable indication of worsening business environment. Average receivable collection period, for the Fomo Worldwide Inc in Sep 30 2023 quarter, has decreased to 70 days, compared to 79 days, in the Jun 30 2023 quarter.

If we take a look into Financial sector 393 other companies have achieved higher receivables turnover ratio. While total ranking has deteriorated relative to the period ending Sep 30 2023 from 2654 to 2909.

What is Receivable Turnover Ratio?
What is Fomo Worldwide Inc Selling?

What is Receivable Turnover Ratio?

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FOMC Receivables Turnover Ratio	(Sep 30 2023) III. Quarter	(Jun 30 2023) II. Quarter	(Mar 31 2023) I. Quarter	(Dec 31 2022) IV. Quarter	(Sep 30 2022) III. Quarter
Y / Y Receivable Change	-56.78 %	-53.38 %	-4.56 %	1808.83 %	2057.22 %
Y / Y Revenue Change	-36.3 %	-68.87 %	-6.75 %	1092.47 %	786.3 %
Receivable Turnover Ratio (TTM)	5.24	4.61	5.52	5.5	4.9
FOMC's Total Ranking	# 2909	# 2654	# 296	# 2682	# 0
Accounts Receivable average collection period days	70	79	66	66	74
Seq. Receivable Change	11.04 %	-40.82 %	-43.59 %	16.59 %	19.78 %
Seq. Revenue Change	-32.32 %	62.82 %	-82.06 %	222.28 %	-66.92 %

Receivable Turnover Company Ranking
Within:	No.
Investment Services Industry	# 49
Financial Sector	# 394
Overall Market	# 2909

Receivable Turnover Ratio Statistics
High	Average	Low
8.88	5.9	3.46
(Dec 31 2021)		(Mar 31 2022)

FOMC Company Profile • Back to FOMC Efficiency Comparisons • Compare FOMC Receivables Turnover Ratio to its Competitors

Financial Statements
Fomo Worldwide Inc 's Accounts Receivable	$ 1 Millions	Visit FOMC's Balance sheet
Fomo Worldwide Inc 's Sales TTM	$ 5 Millions	Visit FOMC's Income Statement
Sources of FOMC's Revenues		Visit FOMC's Sales by Geography

Other Accounts Receivable Turnover Ratios
Investment Services Industry Accounts Receivable Turnover Trends and Statistics
Financial Sector Accounts Receivable Turnover Statistics
Accounts Receivables Turnover Trends for overall market
FOMC's Receivable Turnover Ratio versus Investment Services Industry, Financial Sector and total Market
Highest Ranking Accounts Receivables Turnover
Lowest Ranking Accounts Receivables Turnover

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FOMC's Valuation Ratios	FOMC's Roe	FOMC's Financial Strength Ratios	FOMC's Dividend Payout Ratio

Companies with similar Receivables Turnover Ratio for the quarter ending Sep 30 2023, within Financial Sector	Receivable Turnover Ratio	Revenues for 12 Months ending Sep 30 2023	Receivable at quarter ending Sep 30 2023
American Healthcare Reit Inc	21.55	$ 3,213.652 Millions	$ 149.097 Millions
Hennessy Advisors Inc	21.54	$ 21.498 Millions	$ 0.998 Millions
Kentucky First Federal Bancorp	21.51	$ 8.786 Millions	$ 0.409 Millions
Paccar Inc	20.81	$ 34,180.300 Millions	$ 1,642.600 Millions
Vornado Realty Trust	20.63	$ 1,816.217 Millions	$ 88.048 Millions
Lpl Financial Holdings Inc	20.10	$ 9,742.206 Millions	$ 484.661 Millions
Renaissancere Holdings Ltd	19.72	$ 7,924.838 Millions	$ 401.825 Millions
Security National Financial Corporation	19.51	$ 351.771 Millions	$ 18.031 Millions
Reliance Global Group Inc	19.32	$ 14.570 Millions	$ 0.754 Millions
Robinhood Markets Inc	19.28	$ 1,774.000 Millions	$ 92.000 Millions
First Western Financial Inc	19.20	$ 95.952 Millions	$ 4.999 Millions
Chiron Real Estate Inc	19.03	$ 144.393 Millions	$ 7.588 Millions
Bimini Capital Management Inc	18.67	$ 17.368 Millions	$ 0.930 Millions
Lesaka Technologies Inc	18.53	$ 541.086 Millions	$ 29.207 Millions
Unitedhealth Group Incorporated	18.29	$ 359,982.000 Millions	$ 19,680.000 Millions
Weyerhaeuser Company	18.15	$ 7,723.000 Millions	$ 425.500 Millions
Arvana Inc	18.10	$ 0.036 Millions	$ 0.002 Millions
Doma Holdings Inc	17.85	$ 322.705 Millions	$ 18.083 Millions
Braemar Hotels and Resorts Inc	17.79	$ 735.068 Millions	$ 41.312 Millions
Forge Global Holdings Inc	17.57	$ 67.583 Millions	$ 3.847 Millions
Ryman Hospitality Properties inc	17.18	$ 2,093.948 Millions	$ 121.901 Millions
Nexpoint Residential Trust Inc	16.88	$ 277.983 Millions	$ 16.472 Millions
Alignment Healthcare Inc	16.67	$ 1,720.054 Millions	$ 103.154 Millions
Stronghold Digital Mining Inc	16.63	$ 76.501 Millions	$ 4.601 Millions
Usio Inc	16.52	$ 82.665 Millions	$ 5.004 Millions
Value Line Inc	16.32	$ 39.862 Millions	$ 2.443 Millions
Sba Communications Corporation	15.87	$ 2,722.654 Millions	$ 171.537 Millions
Copt Defense Properties	15.37	$ 680.500 Millions	$ 44.264 Millions
Cbl and Associates Properties Inc	15.05	$ 545.188 Millions	$ 36.225 Millions
Starwood Real Estate Income Trust, Inc.	14.95	$ 1,769.865 Millions	$ 118.399 Millions

Date modified: 2026-09-08T15:11:08+00:00

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